The Rich Jedi Master

Subject: The Rich Jedi Master Thu May 21, 2009 4:07 pm

His name was Sir Alec Guinness. An award-winning actor from England.

Most would know him by the name, Ben Obi-Wan Kenobi, Jedi Master from the Star Wars galaxy.

Most know the story on screen. The romantic tales of heroism, in a futuristic world.

Yet few know the real-life story behind the scenes.

Before the first Star Wars movie launched, Sir Alec Guinness or Obi-Wan as we like to call him, was one of the few who believed that Star Wars would be a big hit in the movie industry.

Even though he disliked the science fiction terms widely used in the film, Alec persisted with his professionalism on set.

The interesting twist is that instead of asking for wages, Alec requested to be paid in the form of royalties. Two percent of the film's gross earning to be exact. Thus he had set up a stream of passive income.

Alec worked with any 'pay' during the filming, but following the release of the Star Wars and its squeals, he got his windfall. The royalties from the Star Wars movies paid and continued to pay him.

In his own words: "let me leave it by saying I can live for the rest of my life in the reasonably modest way I am now used to, that I have no debts and I can afford to refuse work that doesn't appeal to me"

The old Jedi Master created a truly unique stream passive income, one wonders if he had used The Force to aid him.
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Subject: Re: The Rich Jedi Master Fri May 22, 2009 10:01 pm

Nice story man. I never knew about the true Obi-wan even though I like Star Wars myself.

Subject: Re: The Rich Jedi Master Sun May 24, 2009 5:32 pm

Thanks Top Success Stories for contributing this inspiring story.

I'm a Star Wars fan too. Cool

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Subject: Awards and honours Mon Oct 05, 2009 2:52 pm

Guinness won the Academy Award as Best Actor in 1957 for his role in The Bridge on the River
Kwai. He was nominated in 1958 for his screenplay adapted from Joyce Cary's novel The
Horse's Mouth and for Best Supporting Actor for his role as Obi-Wan Kenobi in 1977. He also
received an Academy Honorary Award for lifetime achievement in 1980. In 1988, he received
an Academy Award Nomination for Best Supporting Actor for Little Dorrit.

For his theatre work, he received an Evening Standard Award for his performance as T.E.
Lawrence in Ross and a Tony Award for his Broadway turn as Dylan Thomas in Dylan.

He was appointed a Commander of the Order of the British Empire (CBE) in 1955, and was
knighted in 1959. In 1991, Guinness received an honorary doctorate from Cambridge
University.[22] Three years later, he was bestowed the title of Companion of Honour at the
age of 80.

He has a star on the Hollywood Walk of Fame at 1559 Vine Street.

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Wise Old Man Posts: 10 Reputation: 3 Join date: 2009-04-26

Thank you for sharing the story. With foresight, patient and not greedy to be rich quick it paid handsomely for Guinness. It is a lesson where we can learned to strive for passive income. Look for long term investment not short term.

Subject: Re: The Rich Jedi Master Tue Oct 06, 2009 9:59 pm

The world IT trend is moving towards SaaS(Software-as-a-Service) and IaaS(Infrastructure-as-a-Service). So instead of selling software or infrastructure products of IT, business has move towards subscription and pay per use.

Think about it again your traditional model of selling services or products. Can this be applied to your business model? Do you dare to take this challenge?

I have converted my business to gear towards such model 8 years back. The take up rate is very low as Asian still prefers to own assets. But overall, it pays back when such passive income tides you through crisis like SARs and Global Financial crisis. When everyone is reacting, you are taking a break...

Subject: Re: The Rich Jedi Master Sat Oct 10, 2009 8:54 pm

Nice. Interesting facts people rarely know. The Force indeed. Star Wars fan here! Smile